Home prices still on the rise

The foundation of the housing recovery remains intact, despite rising interest rates and the worst winter weather in recent memory. U.S. single-family home prices continued to rise in January. The S&P/Case Shiller composite index of 20 metro areas rose a better-than-expected 0.85%. In the past year, prices are up 13.2%. Wall Street will be closely watching the all-important spring selling season to gauge the stregth of the recovery. Barclays expects home prices to rise 7% to 8% this year, a sligthly slower pace than 2013.